Filing Flows › Primo Brands (PRMB) › How it makes money
How Primo Brands (PRMB) makes money
Primo Brands (PRMB) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Regional spring water brought in $912M (50%); Purified water brought in $574M (31%); Other brought in $182M (10%). Of every dollar of revenue, 30¢ was left as gross profit, 14¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Regional spring water | $912M | 50.1% | +0.1% | +3% |
| Purified water | $574M | 31.5% | +3% | +3% |
| Other | $182M | 10.0% | -0.6% | -5% |
| Premium water | $122M | 6.7% | +7% | +24% |
| Other water | $31.8M | 1.7% | 0% | -4% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.8B | 100.0% |
| Cost of revenue | $1.3B | 69.6% |
| Gross profit | $554M | 30.4% |
| Operating expenses | $305M | 16.7% |
| Operating profit | $249M | 13.7% |
| Income tax | $46.2M | 2.5% |
| Net earnings | $124M | 6.8% |
| Operating cash flow | $294M | 16.1% |
| Free cash flow | $215M | 11.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.8B | +3% |
| Q2 2026 | $1.8B | +4% |
| Q1 2026 | $1.6B | +0.8% |
| Q4 2025 | $1.6B | +11% |
| Q3 2025 | $1.8B | +35% |
| Q2 2025 | $1.7B | +32% |
| Q1 2025 | $1.6B | +42% |
From Primo Brands' 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Primo Brands make money?
Primo Brands (PRMB) made $1.8B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Regional spring water brought in $912M (50%); Purified water brought in $574M (31%); Other brought in $182M (10%). Of every dollar of revenue, 30¢ was left as gross profit, 14¢ was left as operating profit, 7¢ was left as net earnings.
What is Primo Brands' biggest business?
Regional spring water: $912M in the third quarter 2026, 50% of revenue, +3% from a year earlier.
What is Primo Brands' profit margin?
Net earnings were $124M, 6.8% of revenue, in the third quarter 2026; the operating margin was 13.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.